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Exercise 12-4 Oriole Company reported net income of $190,100 for 2019. Oriole also reported depreciation expense of $46,700 and a loss of $4,600 on the
Exercise 12-4 Oriole Company reported net income of $190,100 for 2019. Oriole also reported depreciation expense of $46,700 and a loss of $4,600 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $12,500 for the year, a $14,500 increase in accounts payable, and a $4,600 decrease in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2019. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Oriole Company Partial Statement of Cash Flows Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work
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